On Aug. 16, 2021, Principal altered the makeup of Principal Global Diversified Income’s U.S. large-cap equity sleeve. Instead of focusing solely on the highest-yielding firms, that sleeve now ranks positions by market cap and incorporates growth factors, though all holdings still must pay dividends. The firm also rebranded that allocation from U.S. Shareholder Yield to U.S. Equity. The changes do not affect the strategy’s Morningstar Analyst Ratings, which range from Neutral to Negative depending on the share class.
Principal Global Div Inc A PGBAX
NAV / 1-Day Return
13.65
/
0.15
%
Total Assets
4.4 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
1.010%
Expense Ratio
1.010%
Fee Level
Average
Longest Manager Tenure
11.75
years
Category
Allocation--15% to 30% Equity
Investment Style
Large BlendCredit Quality / Interest Rate Sensitivity
Low / LimitedStatus
Open
TTM Yield
4.30%
Turnover
—
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will PGBAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PGBAX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the PGBAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of PGBAX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Principal Global Diversified Income’s Recent Process Tweak Does Not Affect Its Ratings
